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5 data prerequisites for carrier predictive freight rating in logistics

FreightWaves SONAR

Of course, it is also critical to apply data across all activities to identify which loads are ripe for the taking. And there will be times when capacity constraints require increased rates and even outsourcing of some loads. Request a FreightWaves SONAR demo by clicking the button below to get started. Request a SONAR Demo.

Data 88
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Truck fleet management: How are my trucks performing in the market?

FreightWaves SONAR

Of course, that all depends on seeing the activities that are occurring, benchmarking current carrier operations and continuously improving. And freight KPIs can serve as a valuable tool for freight market intelligence. Freight intelligence tools help management develop a more unified freight strategy. Request a SONAR Demo.

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Lessons Learned from Black Friday/Cyber Monday

Ship Monk

Perhaps this will be the year to invest in more powerful data analytics tools. Could outsourcing to a third party logistics (3PL) provider help? This info can help you upsell, cross-sell, or bundle items in the future. Did you run out of inventory? Sell far less than you thought you would? What was your ROAS (return on ad spend)?

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Distributed Inventory: Is Splitting Ecommerce Inventory Right for You?

Ship Monk

Of course, you can manage your own warehouses and fulfillment, but the upfront costs make it a steep climb. Your fulfillment company will need a powerful system to help you manage distributed inventory, and you will need advanced tools for demand forecasting and a good understanding of supply chain lead times.